Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Regulation and Compliance > Federal Regulation > IRS

90 Million Stimulus Payments Sent, More Coming Soon: IRS, Treasury

Your article was successfully shared with the contacts you provided.

What You Need to Know

  • Most of the earliest payments were sent via direct deposit.
  • Treasury also mailed roughly 150,000 checks worth approximately $442 million.
  • IRS reminds people to check the "Get My Payment" tool on its website.

The Treasury Department and Internal Revenue Service said Wednesday that 90 million Economic Impact Payments from the American Rescue Plan — valued at more than $242 billion — have been disbursed.

Economic Impact Payments are “rolling out in tranches to millions of Americans in the coming weeks,” the IRS and Treasury said Wednesday in a statement.

While recipients started receiving the first batch mostly by direct deposit this past weekend, Treasury also mailed roughly 150,000 checks worth approximately $442 million.

The first batch primarily went to eligible taxpayers who provided direct deposit information on their 2019 or 2020 returns, including people who don’t typically file a return but who successfully used the non-filers tool on last year.

This past weekend, “more than 35 million people have received their stimulus payment status through the ‘Get My Payment’ tool on, which is updated on a regular basis as updated information is available,” Treasury and IRS said in a statement.

Additional batches and payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card.

The vast majority of Economic Impact Payments will be issued by direct deposit.

Individuals can check the “Get My Payment” tool on to see the payment status of these payments. Additional information on these Economic Impact Payments, along with a Fact Sheet of Frequently Asked Questions, is available on


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.